Genius Sports Limited (NYSE:GENI) Receives Average Recommendation of “Moderate Buy” from Analysts

Genius Sports Limited (NYSE:GENI) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.23.

GENI has been the topic of several recent research reports. B. Riley initiated coverage on Genius Sports in a report on Tuesday, March 18th. They set a “buy” rating on the stock. Needham & Company LLC set a $13.00 target price on shares of Genius Sports in a report on Wednesday, March 5th. Citizens Jmp cut shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Finally, The Goldman Sachs Group boosted their target price on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GENI. Emerald Mutual Fund Advisers Trust bought a new stake in Genius Sports during the fourth quarter valued at about $58,000. Captrust Financial Advisors purchased a new position in shares of Genius Sports in the 3rd quarter worth approximately $84,000. Walleye Trading LLC raised its stake in shares of Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after acquiring an additional 29,555 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after acquiring an additional 3,429 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Genius Sports in the fourth quarter valued at approximately $129,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Stock Down 6.4 %

Genius Sports stock opened at $10.15 on Friday. Genius Sports has a 52-week low of $4.91 and a 52-week high of $11.16. The firm’s fifty day moving average is $9.36 and its 200 day moving average is $8.71. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -31.70 and a beta of 2.14.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The business had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter in the prior year, the company posted ($0.10) earnings per share. On average, equities research analysts anticipate that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.